Now that a jackpot is over $1 billion...Prev TopicNext Topic

• Coin Toss

  

  Zeta Reticuli Star System
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  Jan 10, 2016, 7:46 pm

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  ...at what point are people going to want to see it go to $2 billion?

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
• GYM RICE

  

  NH
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  Jan 10, 2016, 7:55 pm

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  I think a billion was the magic number. Anything over that really doesn't matter much imop. Although a billion cash option is probably the next milestone people would want to see...
• LottoMetro

  

  Happyland
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  Jan 10, 2016, 8:00 pm

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  I think there will be a point of diminishing returns.....players will get tired of standing in lines, pouring money into a game that doesn't pay out.

  Then again, I'm sure many thought $100 million or even $500 million was the magic number.

  I know that jackpot fatigue is a real concern for lottery officials and it is my understanding they are planning jackpot management for future changes. More than likely they will cap the pot at some arbitrary level (i.e. $2 billion) and have a cascading feature. The next matrix change is schedule for 2017 so we'll have to see how the jackpot behavior plays out between now and then. At the moment we are really in uncharted territory, and the lotteries are watching closely.

  If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
  If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

  P&L % = Total Win($)/Total Wager($) - 1
• Coin Toss

  

  Zeta Reticuli Star System
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  Jan 10, 2016, 11:23 pm

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  LottoMetro,

  All that you said is true.

  I was thinking of the greed and ego factors.

  "If I couldn't be the first to win $1B then I'll be the first to win $2B".......that kind of thing.

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
• Original Bey

  

  Bahamas
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  September 30, 2012
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  Jan 10, 2016, 11:28 pm

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  It might hit the 2b mark this lap. There are 3 more days of play. We'll soon see

  "Do everything you can. Then, leave the rest to luck."
• Romancandle

  

  Upacreek
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  Jan 11, 2016, 12:13 am

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  Yep... I'm guessing real soon... too soon

  -RC
• eddessaknight

  

  LAS VEGAS
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  Jan 11, 2016, 3:33 pm

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  Hi Coin SAD ANSWER: When they realize that the only reliable way to predict the future is to create it - i.e. a managed losing proposition for the players?   Fortuna Eddessa_Knight
• Guest

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  Jan 11, 2016, 3:44 pm

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  People love to see Record be broken.  It's like Star Wars Broke Avatar All time Record in box office in USA.

  It use to be 300 million is a big deal. Now it raise the bar once again.  1 Billion dollars Jackpot will became normal in the next 5 Years.

   

  This guy name MIke Wittkowski.  He use to get death threat and became famous winning the largest lottery jackpot.  He only won 40 million dollars in 1980
• savagegoose

  

  adelaide sa
  Australia
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  April 11, 2006
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  Jan 11, 2016, 6:58 pm

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  i think once this is over people will lose interest in jackpot fever. meaning longer and possibly slower jackpots building

  " Still swinging, still missing "
  2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

  keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

  :
• Coin Toss

  

  Zeta Reticuli Star System
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  January 17, 2006
  11,788 Posts
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  Jan 11, 2016, 7:38 pm

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  In response to

  Quote: Originally posted by on Jan 11, 2016

  People love to see Record be broken.  It's like Star Wars Broke Avatar All time Record in box office in USA.

  It use to be 300 million is a big deal. Now it raise the bar once again.  1 Billion dollars Jackpot will became normal in the next 5 Years.

   

  This guy name MIke Wittkowski.  He use to get death threat and became famous winning the largest lottery jackpot.  He only won 40 million dollars in 1980

  spicydavid2005,

  The printer from Chicago that said he'd keep working?

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.